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The Chartered Financial Analyst (CFA®) designation is fast becoming a requirement for serious investment professionals. Although it...

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Basic Math

The Chartered Financial Analyst (CFA®) designation is fastbecoming a requirement for serious investment professionals.Although it requires a successful completion of three levels ofgrueling exams,it also entails promising careers with lucrativesalaries. A student of finance is curious about the average salaryof a CFA® charterholder. He takes a random sample of 36 recentcharterholders and computes a mean salary of $162,000 with astandard deviation of $36,000. Use this sample information todetermine the upper bound of the 90% confidence interval for theaverage salary of a CFA® charterholder. (Round the "t" value to 3decimal places.)

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Given that 162000s 36000n 36Degrees of freedom df    See Answer
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